2 ms·
Not really. You could be pulling down $500k a year but have such a high spend rate that you frequently run out of money before your next paycheck.
by fastball 6y ago
Not really. You could be pulling down $500k a year but have such a high spend rate that you frequently run out of money before your next paycheck.
- irjustin 6y agoDo you sincerely believe those situations are similar? Exercise - you could pick Broke College Student, Broke Adult, Broke doctor/engineer/lawyer pulling 500k/yr. Which one do you choose, repeatedly? To me, there is almost no scenario where 500k/yr makes you actually broke where you do not have a level of control to rapidly change that situation. Cut your spending, if you have huge debts - get them refinanced, sell something. Aside from being in a debt to a person with a literal gun to your head, you have incredible amounts of flexibility to get out from having your water shut off like person who is truly broke.
- fastball 6y agoA broke doctor is a broke adult, so not exactly sure what distinction you're making. Broke = no money at the moment. Poor = chronically broke.